The mechanical systems are not going to close out of their
trades at any time soon, are they? So pullbacks are still to be
bought near 1901? Thanks for a comment on them.
there are restrictions on accepting accounts from traders
outside the USA. Canadians, Germans cannot an account with
efloortrade, just to name a few. I am still working on getting mine
with them even though I have an IB account for many years now.
Matt may need to devise another strategy to conduct trades for
those not eligible to use efloortrade.
Could you please post a 60-min. chart from the TradeStation,
Matt? Now or after the close. The BPT_DS stoch. must be oversold by
now. Thanks in advance!
Matt, So what was different from a similar setup marked by a
broken line? I can see that RSI(5) was overbought then and oversold
today, and so was the regular stochastic.
Also, will a break below 80 signal an exit from your ES
trade?
Thanks for posting this example, it's educational.
thanks for your input. I needed an objective look, as I don't
want to make trading implications off a wave count. A choppy and
overlapping advance has suddenly become an impulsive move to new
sky highs.
What's a profit/loss ratio for the system based upon which
trades are to be run? Are trades going to be based on the BTP MA
Deluxe or another indicator?
Referring to
$indu dailyIt feels to me as if we are repeating the action of
December of last year (that advance was almost marked as a-b-c) and
the recent action of the Dow was choppy. In terms of the outright
similarity, last week's action resembled the no-taper announcement
from September of last year.
So, more upside from here into 2000 or 2020 on SPX?
Comments?
SPX commitment of traders datashows a substantial reduction of
shorts by large speculators. We could see a reversal of positions
there around the June options expiration in three week's time.
The comparison to 2007 is not proper, the end of the bull market
is not in sight yet. A correction to 1550 on SPX would be a great
buying opportunity, see my other post today.
The big picture: Long terms charts on Dow, SPX, Russell, Gold
and Silver. Here is something to peruse over the long weekend:
monthly and quarterly
chartswith chart patterns
An even number of touches would produce a continuation, and an
odd number would result in a reversal. A diamond is not a
reversal pattern, as far as I know. The suggested count has 9
touches, and it still needs to break to the upside.
Based on articles from rambus1.com, I would doubt the pattern.
IMO.
What condition would give you an ADRE short trade (here's your
chart
ADRE daily)? It is quite overbought but not broken yet, above
the lower trend line used as support.
This solar stock has been a good leading indicator, and it's
down 9.5% today:
http://stockcharts.com/h-sc/ui?s=CSIQ&p=D&yr=0&mn=6&dy=0&id=p95537735072&a=304179416&listNum=3
Also, examine AMZN and other high PE stocks. They are not
rebounding today. Good luck!
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Is SPY Pro still long?
SPX Options
Posted by junkie on 15th of Aug 2014 at 12:43 pm
Is SPY Pro still long? Is it close to give a sell signal on your indicator, Matt?
long postions on mechanical systems
Posted by junkie on 7th of Aug 2014 at 04:37 pm
The mechanical systems are not going to close out of their trades at any time soon, are they? So pullbacks are still to be bought near 1901? Thanks for a comment on them.
Matt, If you could set
ES system closed out today
Posted by junkie on 24th of Jul 2014 at 01:51 pm
Matt, If you could set up a bridge with a UK or Canadian broker to execute trades automatically, that would work for most.
Title: there are restrictions on
ES system closed out today
Posted by junkie on 24th of Jul 2014 at 01:02 pm
there are restrictions on accepting accounts from traders outside the USA. Canadians, Germans cannot an account with efloortrade, just to name a few. I am still working on getting mine with them even though I have an IB account for many years now.
Matt may need to devise another strategy to conduct trades for those not eligible to use efloortrade.
Title: Could you please post
SPX 60 min chart
Posted by junkie on 8th of Jul 2014 at 12:27 pm
Could you please post a 60-min. chart from the TradeStation, Matt? Now or after the close. The BPT_DS stoch. must be oversold by now. Thanks in advance!
Title: RSI(5) and regular stoch
SPX
Posted by junkie on 3rd of Jul 2014 at 12:15 pm
Matt, So what was different from a similar setup marked by a broken line? I can see that RSI(5) was overbought then and oversold today, and so was the regular stochastic.
Also, will a break below 80 signal an exit from your ES trade?
Thanks for posting this example, it's educational.
Are you not using your
S&P 500 60 min with BPT MA Deluxe
Posted by junkie on 10th of Jun 2014 at 06:27 pm
Are you not using your DS stochastic on 60-minute charts? As I recall, it provides a good entry and exit signals within ongoing trend.
thanks for your input. I
A similarity to December of 2013?
Posted by junkie on 9th of Jun 2014 at 07:50 am
thanks for your input. I needed an objective look, as I don't want to make trading implications off a wave count. A choppy and overlapping advance has suddenly become an impulsive move to new sky highs.
What's a profit/loss ratio for
Example of the New Service Trades formate
Posted by junkie on 8th of Jun 2014 at 02:06 pm
What's a profit/loss ratio for the system based upon which trades are to be run? Are trades going to be based on the BTP MA Deluxe or another indicator?
Title: A similarity to December
Posted by junkie on 8th of Jun 2014 at 08:37 am
Referring to $indu dailyIt feels to me as if we are repeating the action of December of last year (that advance was almost marked as a-b-c) and the recent action of the Dow was choppy. In terms of the outright similarity, last week's action resembled the no-taper announcement from September of last year.
So, more upside from here into 2000 or 2020 on SPX? Comments?
Title: they needed to eliminate
SPX - just a heads up on diverging cash flow ...
Posted by junkie on 31st of May 2014 at 04:07 pm
SPX commitment of traders datashows a substantial reduction of shorts by large speculators. We could see a reversal of positions there around the June options expiration in three week's time.
Title: no end of the
For all who believe in past history repeating itself look at weekly charts in mid to late 2007. It took a LOT to kill that bull and many bears perished although they were right in the long run.
Posted by junkie on 25th of May 2014 at 03:19 pm
The comparison to 2007 is not proper, the end of the bull market is not in sight yet. A correction to 1550 on SPX would be a great buying opportunity, see my other post today.
Title: $rut commercials increased their
SPX Commercials covered lots of shorts and leaned toward more bullish positions IMO.
Posted by junkie on 25th of May 2014 at 01:58 pm
RJ chart
Title: big picture on major
Posted by junkie on 25th of May 2014 at 01:07 pm
The big picture: Long terms charts on Dow, SPX, Russell, Gold and Silver. Here is something to peruse over the long weekend: monthly and quarterly chartswith chart patterns
Title: edit: a diamond could
A bullish diamond continuation pattern suggests ?
Posted by junkie on 20th of May 2014 at 09:20 pm
A short-term but not a long-term. A diamond does not change the trend. See, for example, here
A short-term reversal would be consistent with the example in the article.
Title: A number of touches
A bullish diamond continuation pattern suggests ?
Posted by junkie on 20th of May 2014 at 06:27 pm
An even number of touches would produce a continuation, and an odd number would result in a reversal. A diamond is not a reversal pattern, as far as I know. The suggested count has 9 touches, and it still needs to break to the upside.
Based on articles from rambus1.com, I would doubt the pattern. IMO.
It has a look of
SPX 15 View
Posted by junkie on 19th of May 2014 at 04:35 pm
It has a look of a small head and shoulders formation. One more pop up would complete the symmetry into 11am tomorrow when European markets close.
ADRE swing trade
TYX Squeeze Pattern and Friday Long TRIN signal
Posted by junkie on 19th of May 2014 at 01:01 pm
What condition would give you an ADRE short trade (here's your chart ADRE daily)? It is quite overbought but not broken yet, above the lower trend line used as support.
Title: update: a drop may
I will expect a gap down on Monday, keep your shorts in despite an oversold condition
Posted by junkie on 16th of May 2014 at 01:46 pm
A few days don't make a difference to me, they may be necessary extend the Bollinger band range. Or to invite more buyers, or both :)
Title: I will expect a
Posted by junkie on 16th of May 2014 at 12:54 pm
This solar stock has been a good leading indicator, and it's down 9.5% today: http://stockcharts.com/h-sc/ui?s=CSIQ&p=D&yr=0&mn=6&dy=0&id=p95537735072&a=304179416&listNum=3
Also, examine AMZN and other high PE stocks. They are not rebounding today. Good luck!